By Getrude Matayo
As covid-19 continues its disrupting, the livelihood of many entrepreneurs and small business owners has been threatened.
Our current situation is deeply unsettling. Entrepreneurs are facing many obstacles including ensuring the business they have put their blood, sweat, and tears into continue to stay afloat.
On top of that, many of them have employees that they are trying to protect and reassure monumental task when they themselves are struggling with burnout.
The current economic situation has pushed a number of businesses at Garden City Mall to the edge as they face auctioneers hammer over unpaid rent.
In a notice dated July 15 and published as Gazette Notice 5425 by Maduwande Auctioneers, the landlord at the mall has the plan to dispose of the business assets on August 19th.
Among the affected businesses include an African attire clothing store, a shoe store, a restaurant, and a nail bar.
The business landscape is changing at a rapid pace. It seems like the government releases new regulations that affect business owners almost every day.
The auction is expected to mainly dispose of the business’s day to day operation tools among them a table, vending machines, utensils, display counters, and electronics.
The planned auction mirrors the ongoing business plight country as enterprises struggle to stay afloat from thinning revenues arising from a shortfall in customer football following the entry of the Covid-19 pandemic in the country.
Fear, anxiety, hopelessness. We are all experiencing a lot of intense emotions during these ever-evolving times and business SMEs are no exception. To make it worse, there is an additional level of stress as they try to do the best by their employees and customers.
Hammer, IMAX Kenya and Tuskys retailer among enterprise to face auctioneer over unpaid rent.